EPAM Systems Inc (EPAM)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 4,750,470 | 4,352,360 | 4,009,150 | 3,523,230 | 2,721,330 |
| Total stockholders’ equity | US$ in thousands | 3,629,210 | 3,470,890 | 3,001,530 | 2,487,120 | 1,983,020 |
| Financial leverage ratio | 1.31 | 1.25 | 1.34 | 1.42 | 1.37 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $4,750,470K ÷ $3,629,210K
= 1.31
The financial leverage ratio of EPAM Systems Inc has exhibited variations over the years. As of December 31, 2020, the ratio stood at 1.37, indicating that the company relied on debt finance to a moderate extent. Subsequently, there was a slight increase to 1.42 by December 31, 2021, suggesting a slightly higher level of financial leverage. However, there was a decrease in the ratio to 1.34 by December 31, 2022, signifying a reduction in the company's reliance on debt.
By December 31, 2023, the financial leverage ratio fell further to 1.25, indicating a lower level of debt usage compared to the prior year. However, there was a slight uptick to 1.31 by December 31, 2024, although it remained below the levels seen in earlier years.
Overall, the trend in EPAM Systems Inc's financial leverage ratio shows fluctuations, with the company experiencing varying degrees of reliance on debt financing over the years.
Peer comparison
Dec 31, 2024